On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
USD/JPY: bears made a new lows
Technical levels: support – 108.70; resistance – 109.70/90.
- Sell — 109.60; SL — 109.80; TP1 — 108.70; TP2 — 108.30.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices keep staying under the Cloud.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…